By Tyler Losier, Energy Reporter, Oil & Gas 360 New Ft. Laramie origin point announced, open season launched Saddlehorn Pipeline Company, owned in part and operated by Magellan Midstream (stock ticker: MMP), is planning to expand its Saddlehorn pipeline to a new origin point in Fort Laramie, Wyoming, which would subsequently increase the system’s capacity by up to 100,000 BOPD.
Samson Resources II, LLC Announces Strong IP 30-day Rates from Four Vertical Well Fort Union Pad in the Green River Basin and Launch of Data Room for the Sale of its Green River Basin Assets
Meritage Midstream Services’ New Plant More than Doubles Its Natural Gas Processing Capacity in Wyoming’s Powder River Basin
$485 million deal brings Jackalope system wholly under Crestwood’s control The Powder River Basin has caught the attention of midstream companies, as Crestwood Equity Partners (ticker: CEQP) consolidated its position in the play this week. Crestwood will acquire Williams’ interest in Jackalope Gas Gathering Services, a major PRB system, for $485 million. The purchase means Crestwood is now the sole
From Bloomberg Its 50% of Jackalope system could fetch more than $500 million Division gathers and processes gas in Powder River Basin Williams Cos., one of the biggest natural gas pipeline operators in the U.S., is seeking buyers for its stake in Jackalope Gas Gathering Services, which could fetch more than $500 million in a sale, according to people
Chesapeake Energy (stock ticker: CHK) has signed up with Hi-Crush Partners LP (stock ticker: HCLP) for a new, long-term frac sand supply agreement for the in-basin purchase of Northern White frac sand to support Chesapeake’s completions program in the Marcellus and Powder River basins. Hi-Crush Partners announced a long-term contract with Chesapeake Energy to supply Northern White sand to Chesapeake’s Marcellus and
EOG Resources (ticker: EOG) reported its Q3 results Thursday, and held its earning call today. Highlights from the Q3 Results include: Raised 2018 Capex Guidance Range to $5.8-$6.0 billion. Third quarter 2018 net income of $1.2 billion, or $2.05 per share. Q3 operating revenues/other of $4.8 billion. To read the complete earnings release, please refer to this link. Heard on the call Chairman
From the AP/Sheridan Media CHEYENNE, Wyo. (AP) — Energy leaders in Wyoming are closely watching the fate of a Colorado ballot initiative that would severely limit fracking on non-federal land in that state. The Wyoming Tribune Eagle reports that Colorado-based opponents of the initiative warn it could drive jobs, capital and production northward into Wyoming. But Wyoming industry leaders say
From Reuters NEW YORK/HOUSTON (Reuters) – Oil companies looking for the next big find are wading into the Powder River Basin of Wyoming, where pipelines are not congested and land is cheaper than in Texas’ Permian Basin, the world’s fastest-growing oil producing region. A series of largely undisclosed land deals is fueling interest in its conventional and shale formations, according
Chesapeake Energy Corporation (NYSE:CHK) reported financial and operational results for the 2018 second quarter. Highlights Net loss available to common stockholders of $40 million, or $(0.04) per diluted share Adjusted net income attributable to Chesapeake of $139 million, or $0.15 per diluted share Average production of approximately 530 MBOEPD up 8% YOY Average oil production of approximately 90 MBOEPD, up
Northwoods is buyer of SM Energy’s PRB acreage; Apollo commits up to $850 million of funding Northwoods Energy LLC, a portfolio company of certain funds managed by affiliates of Apollo Global Management, LLC (ticker: APO), has plans to acquire SM Energy’s core Powder River Basin assets (read more below). The acquisition is comprised of over 112,200 predominantly contiguous net acres
Unloads PRB, increasing concentration on Midland and Eagle Ford SM Energy Company (ticker: SM) said that it entered into a definitive agreement to sell a majority of the company’s Powder River basin assets for a cash purchase price of $500 million. The buyer was undisclosed. President and CEO Jay Ottoson said, “Divestiture of these assets is consistent with our strategy
